CIBI Information, Inc recently concluded Financial Benchmarking Forum in the Philippines held at the Grand Hyatt Hotel in Taguig City.
Attended by industry partners and representatives from different sectors, the event discussed relevant topics about industry benchmarking and credit information.
The Forum highlights benchmarking as an effective tool in determining a firm’s financial performance versus the other businesses of the same size and industry.
With the presence of CIBI President and CEO Marlo R. Cruz and Vice President for Credit Bureau Miguel Marquez, along with other top executives, CIBI once again set a milestone with the ceremonial launch of its latest product such as “IndBex: CIBI Industry Benchmarking Solutions” and “MyScore: The CIBI FICO Score” during the forum.
During the event, a CIBI analyst discussed how a client can elevate their position in the industry by acquiring the credit bureau’s breakthrough offerings. He told the participants how benchmarking maximizes the potential of businesses, paving the way for strategic planning. He also mentioned that the main objective of the service is to find out what and where improvements are needed based on the credit information they have obtained.
As the first and only Filipino credit bureau, CIBI continues to aim for greater financial inclusion for every Filipino by transforming the unbanked into bankable individuals, making them a vital part of the country’s economic growth.
This can be achieved thru CIBI’s credit scoring system which leverages robust local data making it an effective tool that supports efficient credit channel facilities for financial institutions.
All these efforts will result on applying and getting a loan simpler thereby helping more micro, small and medium enterprises develop.